News

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Cognitive Bias and Conventional Wisdom

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Last month’s article, Cognitive Bias and the Law, covered the effects of cognitive bias on legal decision making under risk.1 In legal decision making, lawyers regularly rely on conventional wisdom. They use instinct and intuition to make decisions, but conventional wisdoms are based on an extremely small set of experiences. The most seasoned lawyers may […]

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Watch Your Step: Justice Department Reaches Yet Another Settlement with Auto Finance Company for Violating SCRA

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Over the last couple of years, it seems I keep seeing the same headline over and over: “Justice Department settles with auto finance company for illegally repossessing servicemembers’ cars.” And it’s not my imagination. The United States Department of Justice recently issued a press release (“Press Release”) advising of yet another multi-million dollar settlement with […]

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Cognitive Bias and the Law

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The college football season is upon us. On game day, the team captains will meet at the 50-yard line for the coin toss. “Heads or tails?” the referee will ask. The home team gets the seeming advantage of picking their option. It is a 50/50 proposition. Yet, 80% of the time, the captain of the […]

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Grey Squires-Binford, appointed to the Fiscal Advisory Board for the City of Maitland

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Grey Squires-Binford, an attorney and Shareholder with the law firm of Killgore, Pearlman, Semanie, Denius & Squires, P.A. was appointed to the Fiscal Advisory Board for the City of Maitland. This Board consists of 5 City residents appointed by the City Council for a term of three years. The Board’s mission is to serve as […]

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LLCs From Start to Finish

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By Michael A. Semanie Program Description Two Information-Packed Days of All Things LLC Our veteran faculty will walk you through the entire LLC cycle with practical how-to’s, practice pointers, cautionary advice and sample forms. Stay up to date with the latest LLC legislation, trends and developments; consider all factors in entity selection and formation; and […]

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CFPB Releases Outline of Proposals to Overhaul Debt Collection

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By William J. Denius In late July, the Consumer Financial Protection Bureau (“CFPB” or “Bureau”) released its outline of proposals which – according to the Bureau – “would drastically overhaul…debt collection…” The proposals under consideration would apply to small entities acquiring debts in default (collection agencies, debt buyers, collection law firms and loan servicers). In […]

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Repossessions: Recent Developments in Auto Finance

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By William J. Denius Recent action by federal regulators pertains to an area of particular interest to me, and in which I frequently practice – repossessions. For the record, this area of the law is not of specific interest to me solely due to the television shows Operation Repo and Airplane Repo. While I can […]

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The Equifax Data Breach Might Have Secured the Future of the CFPB’s Mandatory Arbitration Rule

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Should consumer finance companies be allowed to use contracts to guard themselves against class-action lawsuits? Before last week, relatively few people outside of the industry felt one way or another. But on Thursday, the question suddenly became a lot more relevant. On September 7th, Equifax reported that it had suffered a massive data breach: hackers […]

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The CFPB Continually Updates Its UDAAP Guidance. Is Your Compliance Management System Keeping Up?

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We’ve said it before and we’ll say it again: to understand the CFPB, you need to understand another acronym—UDAAP. The Consumer Financial Protection Bureau exists, in large part, to guard consumers against what regulators deem “unfair, deceptive, or abusive acts and practices.” To that effect, half of the enforcement matters that the CFPB has made […]

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Webinar: Blueprint For A Modern Compliance Program With Michael Semanie

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Your compliance program is a vital part of the CMS that protects your company. Regulators like the CFPB require it of you. But what does a good program look like? Let’s start with what your program should NOT look like. If your compliance program relies on policies, processes, and trainings that are outdated or only […]

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